RE:RE:Shareholders want CasholaBuy back shares with what? They need to get rid of debt to enjoy stock buy backs fully and eliminate hedging requirements.
Sunsurfer12 wrote: it is always amusing to me how companies are so counter-cyclical in their activities/scared of stepping out like an entrepreuneur would.
Example is in early 2020 when ARC was down to sub $5 and CVE was down to the sub $3's, these companies should have taken the opportunity to step in buy back stock hand over fist...yes its a bet that could go wrong (life on earth has ceased to exist scenario in which case who the hell cares what the stock is worth) or you could come out the other side looking believing in your underlying fundamentals and looking like a hero who stood tall in a crisis and made the smart/albeit risky decisions...
So instead of buying back low (best use of capital/leverage) they all wait until the market is foaming..nothing like running in the safety of a herd i guess..disspointing though..lack of leadership.